Blockchain music-streaming service Audius gears up for public beta

A new streaming service with its sights set on making the middlemen of the music biz obsolete is inching closer toward its goal of disrupting the Spotifys and SoundClouds of the world. After a year of development, and armed with $5 million in investment capital from VC firms General Catalyst, Lightspeed, and Pantera Capital, blockchain startup Audius is finally ready to show the world what it’s been working on.

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YouTube Will Stop Letting Copyright Holders Seize Revenue via Manual Claims on Very Short Music Clips

Starting in mid-September, the video giant will forbid copyright holders from making manual claims to commandeer revenue generated by YouTube videos that include very short music clips (e.g., five seconds of a song) or “unintentional” music (like music from passing cars).

Source: YouTube Will Stop Letting Copyright Holders Seize Revenue via Manual Claims on Very Short Music Clips

Spotify, Amazon Make Case Against Royalty Board Rate Determination

Spotify, Amazon Music, Google Play and Pandora have filed their appeal of the Copyright Royalty Board’s mechanical rate determination, which will see music publishers and writers enjoy a 44% rate increase by 2023. The digital services filed their appeal late Wednesday in the U.S. Court of Appeals for the D.C. Circuit.

Source: ‘Confusion & Inconsistency’: Spotify, Amazon Make Case Against Royalty Board Rate Determination

Why, in a post-Tencent/Universal world, the three major music companies are worth nearly $90bn

China’s Tencent Holdings Ltd. has made a bid to acquire 10%-20% of Universal Music Group, at a company-wide valuation for UMG of €30bn ($33.63bn). By default, this approach from Tencent has become the first market-tested barometer of what the strategic value of a major music company may be today.

Source: Why, in a post-Tencent/Universal world, the three major music companies are worth nearly $90bn

Tighten up that paywall! (And some other lessons from a study of 500 newspaper publishers)

New research suggests that most newspaper publishers with successful metered pay model strategies do better with higher “stop rates,” not letting a reader sample too much before they’re asked to pay up. “The publishers that reported more than 6 percent of unique visitors reaching their stop threshold had ‘thriving’ digital subscription businesses.”

Source: Tighten up that paywall! (And some other lessons from a study of 500 newspaper publishers)

Spotify Tests More Expensive Subscriptions as Labels Complain About Falling Per Listener Revenue

Spotify will test raising subscription prices in Scandinavia with an eye towards taking the increases worldwide, according to a new report. The test comes at a time when labels are complaining about falling per listener payouts from the steamer.

Source: Spotify Tests More Expensive Subscriptions as Labels Complain About Falling Per Listener Revenue

Patreon has become a lifeline for creators of weird, alternative games

It’s unclear whether Patreon offers a full-blown solution or a stopgap remedy for game makers grappling with the current landscape. What it does unequivocally provide is the business infrastructure for creators to implement a fan-subscription model of funding. Communities surrounding artists and their work can often appear diffused online, particularly as forums have given way to broader social media platforms.

Source: Patreon has become a lifeline for creators of weird, alternative games

SESAC: ‘US regulation for songwriters is archaic – and it results in less fair outcomes.’

SESAC CEO & Chairman John Josephson argues that his company’s commercial imperative makes it more dynamic and hungry to strike the best possible deals for its ‘affiliates’, who include huge names like Adele, Bob Dylan, Mariah Carey, David Crosby, Rosanne Cash, Kings Of Leon, and very successful film and television composers such as Christophe Beck, Gabriel Mann and Randy Newman.

Source: ‘US regulation for songwriters is archaic – and it results in less fair outcomes.’

GoDigital Pumps $40 Million Into Cinq Music for an Even Bigger IP Shopping Spree

Hipgnosis isn’t the only one making massive bets on music IP.  Just this morning, GoDigital Media Group pumped $40 million into its subsidiary, Cinq Music, for publishing and recording asset purchases.  Cinq also indicated that it will use the funding to stretch further internationally.

Source: GoDigital Pumps $40 Million Into Cinq Music for an Even Bigger IP Shopping Spree

Former SESAC board member Hayden Bower launches new PRO, AllTrack

Starting today (August 14), creators and publishers can join AllTrack to represent them for the public performance of their songs in over 120 countries. AllTrack allows all types of creators to join for free, register songs, report live performances and receive global performance royalties.

Source: Former SESAC board member Hayden Bower launches new PRO, AllTrack

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